Nov 4, 2025
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Shielded Zcash Supply Hits 5M All-Time High Amid Market Crash
Zcash Shielded Supply Surges
- The shielded supply of Zcash briefly surpassed 5 million, as holders moved coins to the Orchard Pool for enhanced privacy.
- This peak occurred during a market downturn affecting most cryptocurrencies, with ZEC trading around $400.
- Data from November 4, 2025, indicated a spike to 5.03 million ZEC, which then retraced to 4.97 million, valued over $2 billion and representing 30.41% of Zcash's circulating supply.
- Shielding Zcash increases user privacy and reduces available supply for exchange sales, potentially boosting price growth and resilience.
- An increase in shielded amounts typically reflects high-conviction buyers holding ZEC for the long term.
Market Crash Impact
- Despite a significant market crash starting November 3, Zcash remained strong, trading between $380 and $440.
- Bitcoin fell below $102,000, revisiting lows from an unprecedented crash in October.
- $1.33 billion in liquidations occurred in the last 24 hours, continuing to rise.
- Zcash achieved 956% gains year-over-year, reflecting substantial growth since August.
The increased shielded supply indicates strong demand and confidence in Zcash's value and privacy features.